Capital, proudly serving Landlords and Vendors Since 1994
In this edition, we aim to bring you the latest updates and insights into current decisions affecting the property market. Our goal is to keep you informed and prepared, helping you optimize your investments and stay ahead of market trends. Whether expanding your portfolio or managing properties, our expert team is here to support you.
Are you looking to buy, sell, or rent properties? Partner with us for exceptional service and expert guidance every step of the way. We offer comprehensive support to help you expand your property portfolio, find the perfect buyer, or secure reliable tenants for your rental properties. Our team of experienced professionals is dedicated to maximizing the value of your investments with tailored strategies and market insights. Whether you have additional properties to rent or know someone seeking top-notch property management, our services are designed to deliver results. Trust us to handle your property needs with excellence and efficiency—reach out today and let’s achieve your property goals together!
Capital's performance in June:
We achieved an average rent of £1771.50
Our void periods were 10.5 days on average
Our deal turnaround times were 16.1 days on average
On average the tenants we rent to have an income of £56753.38
The average age of our tenants is 37.3 years old
Labour's Plan For The Future
Affordable Housing: Labour plans to build more affordable homes to meet demand, focusing on both social housing and affordable rental properties. This aims to alleviate the housing crisis and make home ownership more attainable for first-time buyers.
Community Focus: Labour wants to empower local authorities to have more control over housing developments, ensuring that new builds meet the needs of the local community and contribute positively to the area’s infrastructure and social fabric.
Renters' Rights: Labour intends to strengthen tenants' rights, including longer-term rental contracts and measures to ensure fair rent prices. They propose rent controls and more stringent regulations on landlords to protect tenants...We await the details with baited breath...
Homeownership Support: Labour aims to help first-time buyers by offering government-backed schemes, including shared ownership and other financial assistance programs to make purchasing a home more accessible.
Community Focus: Labour wants to empower local authorities to have more control over housing developments, ensuring that new builds meet the needs of the local community and contribute positively to the area’s infrastructure and social fabric.
Robs Rundown
Property Market Forecast for the Next 12 Months
**1. Moderate Price Growth: Expect to see a continued, albeit slower, rise in property prices. This growth will likely be driven by sustained demand, limited housing supply, and economic factors such as inflation and interest rates.
**2. Interest Rates and Mortgage Costs: We expect (at long last) a drop in the base rate which will hopefully be passed on to all and will decrease some of the crazy mortgages we have been seeing if anyone is interested in speaking to my son who is our in house mortgage advisor, regarding anything from remortgages to new mortgages and short term finance, then you can catch Harry at ht@capitalestateagents.com
**3. Increased Demand for Affordable Housing: The demand for affordable housing will remain high. Government initiatives and housing schemes will play a crucial role in addressing this need, with potential new policies aimed at first-time buyers and low-income families. This needs to be addressed!!
**4. Shift in Buyer Preferences: The trend towards remote work and flexible living arrangements will continue to influence buyer preferences. Properties with home office space, outdoor areas, and good connectivity will remain highly sought after.
**5. Sustainability and Green Homes: Energy efficiency and sustainability will become increasingly important to buyers. Expect a rise in demand for homes with eco-friendly features and a push for retrofitting existing properties to meet higher environmental standards.
**6. Rental Market Dynamics: The rental market will remain robust, with high demand particularly in urban areas and among younger demographics. Rent prices may see moderate increases, influenced by the balance of supply and demand as well as broader economic conditions.
**7. Regulatory Changes: Be prepared for potential regulatory changes.
**8. Technological Advancements: Technology will continue to reshape the property market. Innovations in property listing platforms, virtual viewings, will enhance the buying, selling, and renting processes.
**9. Investment Opportunities: Despite uncertainties, the property market will offer various investment opportunities. Investors will be keen on areas with strong growth potential, especially those benefiting from infrastructure developments and urban regeneration projects.
**10. Economic Factors: Broader economic conditions, including employment rates, GDP growth, and geopolitical developments, will impact the property market. Stay informed about these factors as they will influence market trends and buyer behaviour. We have to have growth!
Overall, the next 12 months will bring a mix of opportunities and challenges in the property market. Staying informed and adaptable will be key to navigating this dynamic property landscape. Which is exactly what we aim to do here at Capital keeping yourselves informed so that you have all the information to make the best decisions for your property in the future.
We want to hear your thoughts on what the future holds and your plans as we embark on this journey through this new chapter in the property market together.